McLeod, KSM extend deadline to July 1 for truckload benchmark study

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McLeod Software and accounting firm Katz, Sapper & Miller (KSM) have extended the deadline to July 1 for truckload companies to sign up for their 2014 Benchmarking Study for truckload carriers.

McLeod Software and KSM have come together to create this joint project to provide an operations level benchmark for truckload carriers in North America. This initiative seeks to break new ground in giving truckload carriers the opportunity to measure the real performance of their operations against their peers.

The KSM & McLeod Benchmarking Initiative will give truckload carriers a new chance to understand where their operating efficiencies stand as compared to similar carriers. The carriers who participate in this first benchmark study, based on their 2013 performance data, will receive a copy of the final benchmark report, which includes the high, low, median, and average values for each benchmark category, as well as the group qualification parameters to allow for comparison of their results on each benchmark to those of their actual peer group segregated by fleet size, length of haul, and equipment types.

The benchmarking survey focuses on operating metrics and examines several aspects that are common performance indicators for every truckload carrier.

• People and headcount by category or role
• Fuel consumption, expense, purchasing, and efficiency
• Revenue miles, rates, and surcharges
• Equipment counts and actual utilization
• Safety profiles
• Operating expenses

The goal of the KSM & McLeod Benchmarking Initiative is to begin to give truckload carriers a better picture of their relative performance in these areas than has previously been available. Knowing where they stand relative to their peers will give these companies a new perspective on where their best opportunity for improvement exists.

Carriers who would like to participate in the benchmarking program must collect and submit their data to KSM via a pre-formatted spreadsheet, and ensure that their data meets the strict definitions set out in the benchmarking data collection documents. KSM will provide this data collection document, the definitions, and a copy of the confidentiality agreement for this benchmark initiative to carriers upon request.

Carriers who are interested in participating or simply want to learn more should contact Tim Almack at 317.580.2000 or talmack@ksmcpa.com.